Rio Tinto plc (RIO) Rating Reiterated by Deutsche Bank AG

Deutsche Bank AG reiterated their buy rating on shares of Rio Tinto plc (LON:RIO) in a research note published on Thursday morning. They currently have a GBX 4,300 ($57.04) target price on the stock.

RIO has been the subject of several other research reports. J P Morgan Chase & Co set a GBX 3,950 ($52.39) target price on shares of Rio Tinto plc and gave the stock a buy rating in a report on Thursday, July 13th. Jefferies Group LLC raised their target price on shares of Rio Tinto plc from GBX 4,000 ($53.06) to GBX 4,200 ($55.71) and gave the stock a buy rating in a report on Thursday, August 31st. Macquarie restated an outperform rating and issued a GBX 4,300 ($57.04) target price on shares of Rio Tinto plc in a report on Friday, September 22nd. UBS AG set a GBX 3,750 ($49.74) target price on shares of Rio Tinto plc and gave the stock a buy rating in a report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 3,000 ($39.79) target price on shares of Rio Tinto plc and gave the stock a neutral rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Rio Tinto plc presently has an average rating of Buy and a consensus price target of GBX 3,808.75 ($50.52).

Rio Tinto plc (RIO) opened at 3661.00 on Thursday. Rio Tinto plc has a 52-week low of GBX 2,550.05 and a 52-week high of GBX 3,784.50. The stock’s market cap is GBX 65.64 billion. The firm has a 50 day moving average of GBX 3,580.39 and a 200-day moving average of GBX 3,322.62.

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The company also recently disclosed a dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, August 10th were given a GBX 83.13 ($1.10) dividend. This represents a dividend yield of 2.31%. The ex-dividend date was Thursday, August 10th.

In related news, insider Jean-Sébastien Jacques bought 11 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of GBX 3,501 ($46.44) per share, for a total transac

RIO has been the subject of several other research reports. J P Morgan Chase & Co set a GBX 3,950 ($52.39) target price on shares of Rio Tinto plc and gave the stock a buy rating in a report on Thursday, July 13th. Jefferies Group LLC raised their target price on shares of Rio Tinto plc from GBX 4,000 ($53.06) to GBX 4,200 ($55.71) and gave the stock a buy rating in a report on Thursday, August 31st. Macquarie restated an outperform rating and issued a GBX 4,300 ($57.04) target price on shares of Rio Tinto plc in a report on Friday, September 22nd. UBS AG set a GBX 3,750 ($49.74) target price on shares of Rio Tinto plc and gave the stock a buy rating in a report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 3,000 ($39.79) target price on shares of Rio Tinto plc and gave the stock a neutral rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Rio Tinto plc presently has an average rating of Buy and a consensus price target of GBX 3,808.75 ($50.52).

Rio Tinto plc (RIO) opened at 3661.00 on Thursday. Rio Tinto plc has a 52-week low of GBX 2,550.05 and a 52-week high of GBX 3,784.50. The stock’s market cap is GBX 65.64 billion. The firm has a 50 day moving average of GBX 3,580.39 and a 200-day moving average of GBX 3,322.62.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/rio-tinto-plc-rio-rating-reiterated-by-deutsche-bank-ag.html.

The company also recently disclosed a dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, August 10th were given a GBX 83.13 ($1.10) dividend. This represents a dividend yield of 2.31%. The ex-dividend date was Thursday, August 10th.

In related news, insider Jean-Sébastien Jacques bought 11 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of GBX 3,501 ($46.44) per share, for a total transaction of £385.11 ($510.82). Also, insider W Sam H. Laidlaw bought 7,500 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of GBX 3,420 ($45.36) per share, with a total value of £256,500 ($340,230.80).

Rio Tinto plc Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Analyst Recommendations for Rio Tinto plc (LON:RIO)

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